- Posts: 1
- Joined: Fri Aug 02, 2013 11:14 am
- Location: New York, NY
My parents have an AmEx Gold Card that has an outstanding balance of $30k. I have an "emergency card" in my name for this account. I rarely use it, but have had it since college and never saw the need to close it. I don't believe there is a limit and my parents pay their bills and are in good standing with AmEx.
My question is how does this affect my score? My other card is a Discover card with a $3,000 limit and roughly $2,000 balance and on time payments. I know, I should get that balance down, but is the AmEx hurting me? Credit Karma lists the $30k balance and says that "limit is not reported" (probably because there isn't a limit?).
Credit Karma has grades of A or B for everything except for utilization which is a D. And an overall score of 610.
Any help would be greatly appreciated!